eToro versus NAGA
The 25M+ eToro trading community benefits from CopyTrader, CopyPortfolios, and in-house managed thematic investment portfolios. Beginners get a quality educational portal with eToro Academy, eToro plus, and The Bull Club. eToro also expanded further in cryptocurrencies with a newly launched NFT fund.
NAGA is a fast-growing social trading broker headquartered in Germany, where its 2017 IPO ranked as the most successful that year. Traders get the MT4/MT5 trading platforms for algorithmic portfolio management. It also developed a popular mobile app and payment solution, issued its cryptocurrency coin, and remains financially backed by well-known investors. NAGA also launched its NAGAx crypto exchange and features quality education.
We have conducted an in-depth review of eToro and NAGA to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- eToro vs. NAGA - Verdict
Features and Platforms
| Features & Platforms | eToro (visit site) | NAGA (visit site) |
 |  | |
| Headquarter: | Israel | Germany |
Established : | 2007 | 2015 |
Retail Loss Rate: | Undisclosed | 80.85% |
Regulation: | ||
Minimum Deposit: | $10 - $10,000 | $250 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $10 monthly after 12 months | $20 annually after 12 months |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Yes + Third-Party | Yes + Third-Party |
Funding Methods: | 10 | 17+ |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | Large trading community | Copy-trading platform |
Unique Feature Two: | Copy-trading platform | NFT marketplace |
Broker Offers: | *78% of retail CFD accounts lose money |
Noteworthy:
eToro has more active social traders, but NAGA has a broader product and services portfolio resulting in a more competitive and cheaper trading environment.
Available Markets
| Available Markets | eToro | NAGA |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:30 | 1:1000 |
Maximum Pro Leverage: | Undisclosed | 1:1000 |
Both brokers offer traders a balanced asset selection with sufficient trading instruments for most retail traders. eToro has more than twice as many equity CFDs as NAGA and provides in-house managed thematic portfolios. NAGA offers higher leverage in its non-EU entity and maintains a better cryptocurrency coverage, and both also feature direct share dealing for long-term investors.
Typical Spreads and Fees
| Typical Spreads & Fees | eToro | NAGA |
Minimum Raw Spreads: | Not applicable | Not applicable |
Minimum Standard Spreads: | 1.0 pips | 1.2 pips |
Minimum Commission for Forex: | Commission-free | Commission-free |
Commission for Equity CFDs: | 0.09% | €1.98 - €5.00 / 0.10% |
Cash Rebates: | ||
Execution Type: | Market Maker | Market Maker |
eToro and NAGA both maintain relatively higher-end Forex trading costs, which NAGA lowers for deposits above $50,000. Equity CFDs at eToro face a 0.09% commission and a €1.98 to €5.00 flat fee at NAGA, making it cheaper for most CFD traders, but eToro offers commission-free direct share dealing.
Security and Trust
eToro
| Country of the Regulator | Name of the Regulator | License Number |
US | US Securities and Exchange Commission (SEC) | Undisclosed |
Cyprus | Cyprus Securities Exchange Commission | 109/10 |
UK | Financial Conduct Authority | 583263 |
Australia | Australian Securities and Investments Commission | 491139 |
Seychelles | Financial Services Authority | SD076 |
NAGA
| Country of the Regulator | Name of the Regulator | License Number |
Cyprus | Cyprus Securities and Exchange Commission | 204/13 |
Estonia | Register of Economic Activity | FVT000428 |
While eToro and NAGA both segregate client deposits from corporate funds, offer negative balance protection, and have clean track records, eToro also has a $1,000,000 third-party insurance program underwritten by Lloyd's of London. Most international traders at NAGA will deal with the unregulated but duly registered unit operating from St. Vincent and the Grenadines, company number 1189 LLC 2021. NAGA is also a publicly listed company in Germany.
eToro vs NAGA – Verdict
eToro
| Pros | Cons |
| Copy-trading with a community numbering almost 25 million traders | Higher minimum deposit requirement but within a reasonable range |
| User-friendly web-based trading platform and mobile app | Absence of MT4 and no algorithmic trading |
| Quality educational offering for beginner traders via videos | |
| Balanced asset selection with a focus on equity CFDs and ETFs |
NAGA
| Pros | Cons |
| Active social trading community with 1M+ traders | Above-average trading costs |
| 950+ assets, including a broad choice of cryptocurrency CFDs | High minimum deposit requirement |
| Publicly listed company in Germany backed by Chinese conglomerate FOSUN | |
| Excellent in-house developed copy trading infrastructure |
eToro and NAGA are social trading brokers. The former has more active traders, but the latter maintains a higher quality product and services portfolio. NAGA also offers a superior compensation plan per copied trade, which increases with the account level and supports algorithmic trading, making it the better overall choice.
FAQs
Is NAGA better than eToro?
NAGA offers better overall trading conditions, including lower costs, algorithmic trading supports, and better compensation for signal providers.
Is NAGA a good platform?
NAGA emerged as one of the most competitive platforms, catering to algorithmic and social traders alike, especially equity CFD traders.
How long do NAGA withdrawals take?
NAGA processes withdrawals within 24 hours, but it can take up to five business days for funds to arrive, payment processor dependent.
Is NAGA a forex broker?
NAGA is a multi-asset CFD broker.
What is the minimum deposit in NAGA?
The minimum deposit at NAGA is $250.
Is NAGA a con?
NAGA is not a con but is a regulated broker within the European Union.
Is NAGA regulated in the UK?
NAGA does not have a regulatory license in the UK.